Plan Ledger DOL Form 5500 · updated monthly

Fairview Health Services403(b)

FAIRVIEW HEALTH SERVICES 403B PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.06%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Fairview Health Services reported $1,928,866 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $2,834 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.062%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 18th-largest of 1,918 plans among Minnesota employers on file, and the 43rd of 11,911 in health care & social assistance. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,308,987,083
Participants with balances34,066
Active participants24,777
Employer contributions$70,211,146
Employee contributions$162,678,781
Employer contribution per active participant$2,834
Average account balance$97,135
Benefits paid to participants$268,413,298
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.3B · 34,066 accts · $70.2M emplr
2023$2.9B · 33,550 accts · $58.5M emplr
2022$2.4B · 32,594 accts · $81.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,425,678
Investment management$503,188
Total administrative$1,928,866
The Fairview Health Services 401(k) match · 2024
Employer contribution per active participant$2,834
Median for plans this size$5,259
2024$2,834 per active participant
2023$2,396 per active participant
2022$3,422 per active participant

Fairview Health Services's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,425,678
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$503,188

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$1,928,866 · 0.06%
2023$1,773,496 · 0.07%
2022$1,674,177 · 0.06%
All plans at this employer4
FAIRVIEW HEALTH SERVICES 401(K) PLAN401(k)
FAIRVIEW HEALTH SERVICES PENSION PLANProfit-sharing plan
FAIRVIEW HEALTH SERVICES 403B PLAN FOR MNA EMPLOYEES403(b)
FAIRVIEW HEALTH SERVICES 403B PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Mayo Clinic MN$15.1B · 0.07%
Allina Health System MN$3.5B · 0.08%
Group Health Plan, Inc. MN$2.6B · 0.02%
Essentia Health MN$2.2B · 0.06%
Atrius Mso, LLC MN$1.6B · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410991680 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.